HESTA CEO Debby Blakey has been appointed to the Board of the International Corporate Governance Network (ICGN).
Blakey is the only Australian board member, whose members are responsible for assets of more than $79 trillion. ICGN represents institutional investors for the advancement of good governance.
"ICGN's mission is absolutely critical to ensure that companies and investors alike act with a shared responsibility for improving the sustainability of our global markets and economies," Blakey said. "HESTA is committed to the principles of active ownership and responsible investing, and I look forward to the opportunity to contribute to the work of ICGN on a global scale."
HESTA is a long-standing member of ICGN. Blakey said she was honoured to be appointed to the position, which demonstrated the Australian superannuation industry's important responsible investment leadership on the global stage.
"Enhancing global governance standards helps to better manage systemic risks and improve market behaviour that can lead to stronger, long-term investment returns for members and more sustainable economic growth over time," Blakey said.
"HESTA's leadership in responsible investment benefits members through improved long-term investment performance and opportunities like this to develop deep relationships with leading global investors."
Blakey joins new chair, Henry Jones, president of the CalPERS in the US, directors Seiji Kawazoe, a senior stewardship office at Sumitomo Mitsui Trust Asset Management in Tokyo, and Luz Rodriguez, a corporate governance professional at the Colorado Public Employees Retirement Association.
Blakey is also the newly announced president of the Australian Council of Superannuation Investors (ACSI) and is on the Board of the Association of Superannuation Funds of Australia (ASFA). Blakey is also a Workplace Gender Equality Agency Pay Equity Ambassador.